Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Saturday, July 5
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Bitcoin Volatility in Japan Hits 2-Year High Amid Yen Instability, Trading Volumes Plummet by 50%
    Bitcoin

    Bitcoin Volatility in Japan Hits 2-Year High Amid Yen Instability, Trading Volumes Plummet by 50%

    October 10, 20242 Mins Read


    The Japanese Bitcoin (BTC) market has witnessed a surge in volatility, tied closely to the recent instability of the Japanese Yen (JPY). 

    After decades of relative calm, the JPY entered a period of heightened fluctuations this year, influenced by the Bank of Japan (BoJ) shift in its monetary policy. 

    Accordingly, the 90-day volatility of the BTC/JPY trading pair surged in August. Analytic platform Kaiko noted that the BTC/JPY volatility even overtook that of BTC/USD, which is a record occurrence. Specifically, the event last occurred two years ago, in July 2022.

    Consequently, this significant spike has caused Japanese traders to approach the crypto market with caution, significantly reducing trading volumes.

    Factors Influencing BTC/JPY’s Record Volatility Spike

    Notably, the sudden volatility in the Japanese Yen can be traced back to a series of monetary policy changes and external factors. First, the BoJ cut interest rates in August, driving the yen to a seven-month high.

    However, those gains were short-lived. Dovish comments from newly appointed Prime Minister Shigeru Ishiba, alongside vital U.S. economic data and growing geopolitical tensions, contributed to the yen’s subsequent decline.

    Japanese Crypto Market Takes Hit, Trading Volume Plummets by 50%

    This yen instability has directly impacted Japan’s cryptocurrency market. Despite a global rally in the crypto market in September, trading volumes in the BTC/JPY market have been flat.

    Specifically, the daily volumes on Japanese exchanges such as Bitflyer, Bitbank, and Coincheck stayed at around $200 million from August, which is half the average of $400 million observed between January and July. 

    ImageImage
    Kaiko

    Essentially, the uncertainty surrounding the yen has likely kept traders on the sidelines, making them reluctant to re-engage with the market.

    On the other hand, trading volumes on U.S. and South Korean exchanges have increased during the same period. In particular, the sentiment turned more bullish in September, buoyed by improving macroeconomic data. The bullish sentiment is evident in the fact that Bitcoin traded as high as $66,480 in the last days of September.

    Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleQuinn continues ‘millionaire surcharge’ push for Illinois property tax relief | 101.5 WCIL-FM
    Next Article MicroStrategy’s Saylor Battles Market Fire With Epic Post

    Related Posts

    Bitcoin

    Huit portefeuilles Bitcoin se déplacent 80 000 BTC dans les plus grands transferts « Satoshi Era »

    July 5, 2025
    Bitcoin

    Hilbert Group dévoile une stratégie de trésorerie bitcoin révolutionnaire

    July 5, 2025
    Bitcoin

    L’étonnante poussée de Bitcoin de Bitmax: une stratégie de trésorerie cryptographique audacieuse dévoilée

    July 5, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Les prix du Bitcoin pourraient atteindre de nouveaux sommets historiques en mai : voici pourquoi

    May 1, 2025
    Utilities

    Investors in Canadian Utilities (TSE:CU) have seen returns of 11% over the past five years

    August 20, 2024
    Bitcoin

    The IMF and El Salvador Close to an Agreement on Bitcoin!

    August 8, 2024
    What's Hot

    Liberty Utilities customers left concerned, asked to voluntarily conserve

    July 16, 2024

    Bitcoin Eyes Nouveaux sommets de tous les temps après avoir testé 110 000 $ deux fois en 24 heures

    June 11, 2025

    Applied Nutrition jumps 7% on debut, among this year’s largest London IPOs

    October 24, 2024
    Most Popular

    China’s industrial profits slip back into sharp decline in May

    June 26, 2025

    Chute du Bitcoin (BTC), Wall Street en berne… Le conflit Israël/Iran pèse sur les marchés

    June 18, 2025

    India considers cash injection for state power utilities as demand up

    February 24, 2025
    Editor's Picks

    Property Owners Being Contacted By TDOT For Right-Of-Way Access – WGRV.com

    October 13, 2024

    Le président d’Ecofin Global Utilities annoncé son départ lors de la prochaine assemblée générale

    June 20, 2025

    BTC vise une nouvelle hausse

    March 3, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.